About Finances

About Finances

What about the finances?

As the salaries in Japan are relatively attractive, it is possible to finance your entire trip including living and travel expenses through the work you do in Japan. Many people achieve to even save some money, for instance to travel around and explore Japan or neighbouring Asian countries. However, you need some money before starting your trip, because when applying for the visa you need to have a flight ticket and you need to proof you have an amount of around 1500-2000 EUR/USD (depending on your nationality). You should be able to cover your living expenses for at least 1-2 months, just in case you don’t find a job immediately.

Let’s have a look at the finances in detail!

On the cost side, you have to consider:

Your flight to Japan and back (you can use a flight comparison website to check rates)

Rent for your accommodation: A dorm bed at a share house is usually around 45,000-60,000 JPY per month, a single room around 80,000-100,000 JPY. If you find considerably cheaper options in central Tokyo, room sizes are usually extremely tiny, the standard is poor, or they pack many people into a dorm room. You can find cheaper accommodation if you are willing to commute for around 60-90 minutes, but in this case you will have higher commuting expenses, which means you will probably not save a lot.

Food and other living expenses (e.g. public transport). For Tokyo you should calculate with a minimum of around 280 EUR/300 USD per month (if your accommodation and job are in central Tokyo)

Travel health insurance (around 40-50 EUR/USD per month)

The services of an organization helping you: World Unite! for instance charge a one-time service package fee of 800 EUR/ 880 USD. The services included will definitely help you not only to save time to make all arrangements, pre-arrival and in Japan, but might help you to actually save money in Japan by avoiding (costly) mistakes, by finding cheaper accommodation, by getting membership terms on cheaper food on wholesale, and by helping you to find a job quickly.

On the „income“ side, with the typical Working Holiday jobs, you will make (in Tokyo) between 890 and 1500 JPY per hour. So if you work part-time (28 hours per week), that’s around 100,000 to 170,000 JPY per month. If you work full-time (40 hours per week), we’re talking about 140,000 to 240,000 JPY per month.

If you have a good level of Japanese and/or some professional qualification (particular IT or engineering-related, or as a professional teacher of English as a foreign language), you can make a higher hourly salary than the range stated above.

With the help of an organization, it is realistic for most participants to find a job within their first month, so you should have enough money to cover one month without any job while doing job hunting.

Now you can calculate how long it will take you to „break even“, which usually happens in the 4th month. So, from this moment your total earnings will exceed the total costs and many participants are actually able to save money that they can then use to travel around or to take back home.